House Oversight Committee - Product 284565-1-DVD- Financial Stability Measures Oversight, Part 1 - House Committee on Government Reform and Oversight. Subcommittee on Domestic Policy. Mr. Kashkari testified about government oversight of emergency aid given to financial institutions under the Bush administration. In his testimony he said the government should refrain from micromanaging banks that receive taxpayer assistance and should not pressure banks to make loans that bankers might deem risky. He responded to questions about whether taxpayer money and the Treasury strategies are actually loosening credit markets. He also talked about plans to unveil a new public-private investment fund that will be used to purchase assets, such as toxic mortgage related securities at the heart of the financial crisis. Mr. Kashkari said the private sector has voiced interest in the program and said he expects pension funds and mutual funds that hold retirement savings to be among the major investors. Filmed by C-SPAN. Non-commercial use only. For more information see http://www.c-spanvideo.org/program/284565-1
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